Huobi Global, a leading global crypto asset trading platform within the Huobi Group, today announced the launch of its new Prime membership program (Prime). The new partner program was launched to increase revenue opportunities while reducing users’ transaction costs. Unlike other competing affiliate programs, Prime is open to both day traders and professional traders.

Prime will spark enthusiasm for trading digital assets on the Huobi Global platform, while providing enhanced benefits to members of Huobi Global’s growing community worldwide.

Prime consists of twelve levels, from Prime0 to Prime11 (Figure 1). Users are considered Prime members if they meet one of the following criteria:

1. 30 days trading volume of spot trades up to 10,000 USDT on Huobi Global

1. 30-day trading volume of derivatives transactions up to 100,000 USDT on Huobi Global

1. Have at least USD 2,000 in assets in Huobi Global

Prime members are eligible for discounted trading fees as low as 0.0126 for spot trading and enjoy discounts of up to 0.01 off the total trading amount for derivatives trading (Figures 2 and 3).

The launch of Prime marks an innovative step in the digital asset industry, addressing the issues surrounding spot and derivatives trading membership rates offered by other digital asset exchanges.

In addition to the discounts on transaction fees, members from Prime1 level onwards are offered additional benefits, while members entering Prime6 and higher levels enjoy customized services. Members with higher tiers of Prime9 have access to exclusive benefits and services such as increased daily withdrawal limits, digital wealth management services, investment advisors, wealth reports and industry research to support their trading and investment decisions.

Users can expect more available channels to make it easier to upgrade their membership status under Prime. A new channel “Prime+1 Instant Upgrade” will be available for advanced users to submit their proof of eligibility for higher Prime tiers.

Prime members also get priority access to the bountiful rewarding events offered by Huobi Global, such as the chance to earn a share of increased tokens and double rewards when participating in CandyDrop, PrimeList or other campaigns.

In addition, Prime members who are current Huobi Token (HT) holders will enjoy enhanced benefits. Under the terms of the new program, the value of HT assets will be calculated in USDT with the addition of a 1.5x multiplier to make it easier for HT holders to qualify for higher membership tiers. In addition, HT token holders will enjoy 12 additional discounts on the rate offered for Prime tiers if they pay their transaction fees with HT. Huobi Global hopes these benefits will drive community engagement with the platform’s growing ecosystem.

Du Jun, co-founder of Huobi Global, said: “Previous membership systems only offered benefits in the form of discounted transaction fees, making it difficult for many retail investors to enjoy due to its high qualification criteria. Our newly launched Prime membership system is intended to alleviate such problems and provide users with enhanced benefits, we believe such a move will promote longer-term development in the cryptocurrency space.

Source: (BYZHA) – Beyaz News Agency